Wildcat Exploration Ltd. Mobilizes Exploration Crews onto Reed (Cu, Zn, Ni) Project -
Expands Project Area, Flin Flon-Snow Lake District
Winnipeg, Manitoba-June 14, 2010- Wildcat Exploration Ltd. (TSX-V: WEL) is pleased to announce that the next phase of exploration on the Company’s 100% owned Reed Project has begun with the mobilization of a six person exploration team onto the property.
The Reed Project is situated 35 kilometres southwest of the town of Snow Lake, Manitoba. The Snow Lake mining camp has recently witnessed renewed interest with the discovery of the Lalor deposit (Zn, Cu, Au) by HudBay Minerals Inc. In the vicinity of the Reed Project, the area has been the focus of other recent exploration successes at the “Discovery Zone” (Cu, Zn) on the VMS Ventures Inc./HudBay property, the “Rail“ deposit (Cu, Zn) optioned by Rockcliff Resources Inc. from HudBay, and the Wine property (Ni, Cu) belonging to Cream Minerals Ltd.
The Reed Project is underlain by volcanic and intrusive rocks belonging to the Flin Flon – Snow Lake greenstone belt, which host the recent discoveries previously mentioned. Geophysical data suggest that these rocks trend onto the Reed Project along strike from the Rail and the Wine mineralization, both types of which have distinctive conductive signatures. This positions the Reed Project to host either or both deposit types.
Wildcat’s 2010 program includes mapping, sampling and surface geophysical surveys with a focus on conductors generated from previous airborne surveys. The current program will involve surface investigation to validate and prioritize these conductors for drill testing in the 2010/11 winter drill season.
The Company recently staked additional claims on the northeast flank of the property, increasing the total area to 8,037 hectares in 43 contiguous claims. The current Reed program includes geological mapping and sampling on the new claims. A map of the project including the new claims will be posted at www.wildcat.ca on the Projects/Reed page.
Tom Lewis, Wildcat’s V.P. Exploration, explains, “We are looking forward to investigating the surface expression of conductors on the Reed Project and I am optimistic that we will see favourable geological features essential to the deposition of base metals in preparation for a winter drill program.”
Wildcat’s exploration program is being managed by Tom Lewis, B.Sc. P.Eng., a Qualified Person as defined by NI 43-101. All technical information in this release has been reviewed by Tom Lewis, B.Sc. P.Eng., as the Qualified Person. Abbreviations used: Copper – Cu; Zinc – Zn; Nickel – Ni; Gold – Au.
